To open a 529 college savings plan for a child or grandchild, you don’t have to stick with your own state’s plan. You can choose one from another state if it has lower fees or is a better fit for your family.
The important word in that last sentence is “if.” In a November 3 article by Kate Stalter at USA Today, Rick recommends comparing expenses and investment offerings before you choose a 529 plan. He says, “Everything that applies to investigating any investment applies here.”
The article is titled “Should You Seek Out ‘Destination’ 529 Plans?” You can read it here.
